Monthly Archives: April 2015



Allied London confirms triple funding deal for No. 1 Spinningfields

Posted on 6 April, 2015 by Cliff Goodwin under Commercial Developments

Award winning developer Allied London has confirmed a £100m-plus funding package that will allow it complete the final building in Manchester’s Spinningfields estate. The triple funding deal— between the North West Evergreen Fund, Pramerica Real... Read More

Evolution planned after Totton Shopping Centre is acquired by Evolve Estates

Posted on 5 April, 2015 by Kirsten Kennedy under Commercial Sales and Lets

Shopping centres continue to be highly desirable assets for investors, with many taking the opportunity to extend or renovate existing floor space upon making an acquisition. This is the case for Evolve Estates, which has purchased Totton Shopping Centre in a... Read More

Cheap Debt sparks fears for Australian Market

Posted on by Jodee Redmond under Worldwide Property News

Cheap debt has created an investment climate where investors are making riskier choices than they would otherwise make when the cost of borrowing is higher, according to Australian financiers. There is not enough demand for office space alone to... Read More

Kier notes Confidence in Commercial Market ahead of Move to Leeds HQ

Posted on 4 April, 2015 by Chris Grigorovsky under Business News

Construction firm Kier Group is poised to relocate to its new 8,500 sq ft Leeds regional headquarters next month. The new offices will accommodate a workforce of 1000 people with space for expansion and new employees. Managing director John O'Callaghan... Read More

Post-Crisis New Zealand Market Less Risky says Bank

Posted on by Jodee Redmond under Worldwide Property News

The Reserve Bank of New Zealand (RBNZ) says the country’s $NZ180 billion ($US 132.21 billion) commercial property market is less risky than it was before the global financial crisis because less debt is being used to provide funding for new developments and... Read More

GVA reports “exceptional” Six Months for Business Park take-up

Posted on 3 April, 2015 by Chris Grigorovsky under Industry News

According to the biannual survey from Bilfinger GVA, take-up on UK business parks saw a healthy increase in the second half of 2014.  At 3.2 million sq ft, it was the highest six monthly total since 1996. The combination of high demand in the South... Read More

Santander takes another floor at One Cornwall Street

Posted on by Chris Grigorovsky under Top Properties

AXA Insurance and AXA PPP Healthcare Ltd have let 2,328 sq ft of office space at One Cornwall Street, Birmingham to Santander. The bank currently occupies the third floor at One Cornwall Street, which is used as its Birmingham Corporate Banking Centre, and... Read More

Planning Rules eased for both Click-and-Collect and Solar Panels

Posted on by Cliff Goodwin under Business News

Retailers will no longer need to apply for planning permission if they want to offer a click-and-collect service. The regulation change — which comes into effect from 15 April — is designed to help businesses cash in on the “seismic shift” in shopping... Read More

Retail Sector buoys Calgary Commercial Property Market

Posted on by Jodee Redmond under Worldwide Property News

Calgary’s commercial real estate market saw a major jump in dollar volume in its retail sector, despite seeing a small decline overall. The Capital Investments Report, which tracks sales of over $2 million, showed that the overall dollar volume... Read More

Office Market on ‘Solid Footing’ says Global Forecast

Posted on 2 April, 2015 by Chris Grigorovsky under Industry News, Worldwide Property News

Cushman & Wakefield has released its 2015-16 global office forecast, which examines Grade A office market trends, with results looking positive across the board. The report covers Europe, the United States and the Americas, Canada, Asia Pacific, Latin... Read More